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puppydotcom

10/21/11 4:03 PM

#185460 RE: SevenTenEleven #185458

FFGO - Proven today that there is an annual dividend of 3% on our preferreds.

nothing is proven .. FFGO shareholders has no preferred stock .. WD holds unregistered NMGL stock

FFGO shareholders hold nothing but FFGO worthless common shares
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OldBen

10/21/11 6:24 PM

#185461 RE: SevenTenEleven #185458

The 3% liquidation preference is a one-time event like the dividend. It is triggered after the sale of the mines as the dividend is being distributed. It is not something that accrues annually or daily or weekly that "doubles" your money invested every year. I think you still believe that you will double your money every year. You have posted many posts to the interest "doubling" effect in the past (don't make me copy/paste). You are now just calling it a "dividend liquidation preference or something" instead of calling it interest, but, believe that each year your shares will accrue 3% of $258 million. Our money hasn't doubled since 9/10.